American consumers hit by a seemingly endless stream of bad news, from vanishing jobs to shrinking retirement accounts, may be in for a small dose of relief: lower prices at stores. The Consumer Price Index, the country's most closely watched inflation gauge, probably will show a dip of 0.5 percent in October, after being flat in September, when that report is released Wednesday, according to economists' forecasts.
Even with the price reprieve, consumers are in no mood to go on a shopping spree. They have been cutting back sharply on spending because of the strains from job losses, shrinking nest eggs and falling home prices.
The retrenchment jolted the …
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